INSEAD Day 4 - 728x90

Economy

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Stocks sink again as Trump holds firm on tariffs

Trading floors across the globe were overcome by waves of further selling after last week's sharp losses, with Trump telling...

Business

Stocks, oil slump as China retaliates and Trump digs in heels

Despite the market turmoil, Trump insisted: "my policies will never change". Wall Street stocks fell more than two percent at...

Business
Business

Agility posts US$221m profit

Its revenue for 2022 rose to US$2.8bn, a 78% jump.
  • The company has ramped up its credit facilities in order to fund its growth plan, which includes the acquisition of John Menzies
  • Agility enjoys a healthy balance sheet with $10.72 billion in assets. and the company's net debt stands at $2.60 billion
Economy

Oil exports from Iraq’s Kurdistan region to restart on Monday

Spelling the end of independent oil exports by the regional government, Iraq's autonomous Kurdistan region will resume oil exports through...
  • Last month, Turkey stopped handling Kurdish oil after an international tribunal ruled in a nine-year-old dispute that Baghdad was right on insisting to oversee all oil exports
  • Both federal and regional governments see oil exports as key revenue resources and thier management has long been a sensitive topic in relations between the two entities
Economy

GCC smart home market set to hit US$1.88bn by 2028

Government initiatives and rising incomes are driving growth in the market, along with increased demand for indoor temperature control and...
  • Government initiatives and rising incomes are driving growth in the market, along with increased demand for indoor temperature control and security systems, says a report
  • Rapid advancements in the sector have led to increasing availability of advanced control and connectivity applications that users can integrate into smart homes, it adds
Science

WTO 2023 to put spotlight on trade role in sustainable future

GENEVA, SWITZERLAND - The WTO’s annual Public Forum 2023 will focus this year on how trade can contribute to a...
  • The Forum will examine in particular how the services sector, digitalization and inclusive trade policies can support global environmental goals.
  • Sessions at the Public Forum are organized by representatives from civil society, academia, business, government and international organizations.
Business

DEWA, Siemens discusses enhancing cooperation

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer discussed the latest advancements...
  • DEWA and Siemens discussed the role of smart grids in improving the efficient and sustainable distribution of energy.
  • They also discussed ways to enhance collaboration between DEWA and Siemens in the area of smart grid technology.
Geostrategy

Pakistani businessman exports food products to Israel

ISLAMABAD, PAKISTAN - The American Jewish Congress celebrated the arrival of the first shipment of food products from Pakistan to...
  • While Israeli authorities and buyers have no issue with direct shipments from Pakistan, officials in Islamabad have not issued any comment.
  • The transaction reportedly involved Pakistani-Jewish businessman Fishel BenKhald and three Israeli entrepreneurs.

PPI of Industrial sector in Qatar down by 3.42% in February

Doha, Qatar - The Producer Price Index (PPI) of the industrial sector in Qatar for February. 2023 declined 3.42 percent...
  • The PPI for February 2023 is estimated at 125.16 points showing a decrease of 3.42 percent, when compared to the previous month
  • On Y-o-Y basis, the PPI of February 2023 showed a decrease of 7.23 percent, when compared to the PPI of February 2022.
Economy

Greek PM calls on EU to pay for fence extension along Turkey border

Athens, Greece--Greek Prime Minister Kyriakos Mitsotakis on Friday called on the European Union to "seriously consider" providing financial aid to help...
  • Greek Prime Minister Kyriakos Mitsotakis said that EU should "serioulsy consider" providing funds for the fencing project along the border with Turkey to keep out migrants
  • The European Commission in January though ruled out paying for the fence, saying there would be no money for other things if EU were to spend money on "walls or fences"
Geostrategy

UAE dispatches fresh aid shipment to quake-hit families in Afghanistan

Abu Dhabi, UAE--The UAE has dispatched a plane carrying 38 tonnes of urgent medical and food supplies to Afghanistan to...
  • The food and medical supplies will assist families hit by the earthquake, which has worsened the current humanitarian situation in Afghanistan
  • During the last few years, the UAE has ramped up its humanitarian assitance to Afghanistan by dispatcing 28 aircraft loaded with 623 tonnes of medical and food supplies
Economy

Iraq faces first sandstorm of the year, covering cars, homes in dust

Blanketing central Iraq in dust, the sandstorm made life diffcult on Firday for Iraqis venturing out of their homes. A...
  • By late Friday the storm, driven by westerly winds, moved from Al-Anbar province before reaching Baghdad and Salaheddin province by late Friday
  • Iraq is listed by the United Nations among the five countries in the world most vulnerable to the impacts of climate change

Stocks sink again as Trump holds firm on tariffs

Trading floors across the globe were overcome by waves of further selling after last week's sharp losses, with Trump telling...
Business

Company News

Latest News

Saudi, UAE report highest levels of gross debt

Among the Arab countries, Egypt recorded the highest debt-to-GDP ratio of 92.7 percent while US and China are on an...
Infographics

Five new residency programs to attract talent to Saudi Arabia

These residency products offer several benefits, including the ability to conduct business and invest in Saudi Arabia, own real estate,...
Business

Saudi Arabia raises mineral resources estimates to $2.5 trillion

The Kingdom raised its mineral resources estimates from $1.3 trillion in 2016 on the exploration of nearly 30 percent of...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Arab region faces soaring youth unemployment crisis

The region, with the world's highest youth unemployment rate, requires the creation of 33.3 million jobs by 2030 to accommodate...
  • The region, with the world's highest youth unemployment rate, requires the creation of 33.3 million jobs by 2030 to accommodate the large number of candidates.
  • Arab countries are required to transform their education systems to align with the evolving labor market and create job opportunities for youth in the region.
Economy

UAE economy likely to grow by 3.8 percent in 2025, says World Bank

WASHINGTON, US - The World Bank expected the UAE's real GDP to grow by 3.4 percent in 2023, rising to...
  • The World Bank forecast the growth in the Gulf Cooperation Council countries to rise to 3.6 percent in 2024 and 3.8 percent in 2025.
  • The report said that the growth rate in the Middle East and North Africa region slowed down sharply to 1.9 percent in 2023.
Economy

Boost investment to avert ‘decade of wasted opportunity’: World Bank

Global growth is set to slow from an estimated 2.6 percent in 2023 to 2.4 percent this year, 0.75 percentage...
  • Growth in advanced economies is expected to slow to just 1.2% this year, while emerging market and developing economies should see growth ease slightly to 3.9%.
  • After seeing reasonable growth in 2023, the United States and China -- the world's two largest economies -- are both likely to slow in the year ahead, the World Bank said.